Workplace wellness programs are more commonplace in Singapore than they used to be several decades ago. Many of us have heard or participated in these programs and have heard of a friend or co-worker talk about the different wellness programs they have in their office. They tend to have two schools of thought:
- We can’t stop talking about Yoga Fridays
- A nice perk, but not a strategic priority
Since the early 1990s, businesses in Singapore have adopted employee wellness programs, but have these programs ultimately saved Singapore businesses money?
Health Care Costs Growing in Singapore
It isn’t required by law, but providing basic health insurance is standard practice in Singapore. Unfortunately, the cost to provide healthcare in Singapore is one of the highest in South-East Asia and has one of the fastest aging populations in the world, despite an exemplary and efficient health care